Roof coatings, specifically designed for roof applications, serve as a protective layer atop composite roof membranes. These coatings, known as non-bituminous coatings, encompass a range of materials such as acrylics, asphalt, butyl, coal tar pitch, polyurea, polyurethanes (PU), polyvinyl fluoride, silicones, and styrene-butadiene. Commercially available options include acrylic, asphalt, polyurethane, and silicone coatings. Their primary function is to reflect sunlight and minimize the absorption of solar energy, thereby contributing to cooler building temperatures. In addition to their thermal benefits, roof coatings also offer advantages such as reduced maintenance and repair needs, as well as improved roof aesthetics. Moreover, they possess the ability to dampen the sound of rain and hail, creating a quieter and more serene indoor environment.
The global roof coatings market size reached US$ 3.4 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 4.2 Billion by 2028, exhibiting a growth rate (CAGR) of 3.2% during 2023-2028.
Roof Coatings Market Trends and Drivers:
Currently, there is a significant surge in the demand for roof coatings due to their ability to enhance the durability and resilience of buildings against harsh weather conditions. This increasing demand is a key driver behind the market's growth. Furthermore, the global construction of residential and commercial infrastructure projects is also contributing to the expansion of the market. Another positive aspect is the rising adoption of roof coatings to maintain cooler indoor temperatures, consequently reducing the reliance on air conditioning systems. Additionally, the widespread use of asphalt roof coatings is gaining traction due to their affordability, ease of application, and ability to enhance the UV stability of roofs. These factors collectively support the growth of the roof coating market.
Global Roof Coatings Market 2023-2028 Analysis and Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Akzo Nobel N.V., BASF SE, Covestro AG, Dow Inc., Hempel A/S, Huntsman International LLC, Nippon Paint Holdings Co. Ltd., PPG Industries Inc., RPM International Inc., Sika AG, The Sherwin-Williams Company and Wacker Chemie AG.
The report has segmented the market on the basis of region, roof type, material, technology and end user.
Breakup by Roof Type:
· Low Sloped Roof
· Steep Sloped Roof
· Others
Breakup by Material:
· Elastomeric
· Bituminous
· Acrylic
· Epoxy
· Silicone
· Others
Breakup by Technology:
· Water-based
· Solvent-based
Breakup by End User:
· Residential
· Commercial
· Hospitality
· Healthcare
· Others
Breakup by Region:
· North America
o United States
o Canada
· Asia-Pacific
o China
o Japan
o India
o South Korea
o Australia
o Indonesia
o Others
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Others
· Latin America
o Brazil
o Mexico
o Others
· Middle East and Africa
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Key highlights of the report:
- Market Performance (2017-2022)
- Market Outlook (2023- 2028)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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